El Salvador unveils BTC ‘Freedom Visa’ — but it’s 10x the cost of others

The same citizenship-by-investment schemes in nearby Caribbean nations start at $100,000, and one EU country has a citizenship pathway for just over $800,000.

El Salvador has launched a new citizenship-by-investment program that grants a residency visa and pathway to citizenship for 1,000 people willing to stump up a $1 million Bitcoin (BTC) or Tether (USDT) investment in the country.

The Central American country’s price tag for citizenship, however, appears far more expensive than those in neighboring Caribbean countries — which start at $100,000.

El Salvador’s government and stablecoin issuer Tether announced the program on Dec. 7, dubbed the “Adopting El Salvador Freedom Visa Program.”

Read more

bitcoin
Bitcoin (BTC) $ 64,328.00
ethereum
Ethereum (ETH) $ 1,903.52
tether
Tether (USDT) $ 0.999007
bnb
BNB (BNB) $ 591.03
xrp
XRP (XRP) $ 1.08
solana
Solana (SOL) $ 74.30
dogecoin
Dogecoin (DOGE) $ 0.070158
chainlink
Chainlink (LINK) $ 8.36
shiba-inu
Shiba Inu (SHIB) $ 0.000005
nexo
NEXO (NEXO) $ 0.726398
enjincoin
Enjin Coin (ENJ) $ 0.024809
cardano
Cardano (ADA) $ 0.169122